BNA Software has updated its fixed assets software with the latest tax law and form changes from the recent tax cut extension.

Version 2011.0 of BNA Fixed Assets includes all of the tax law changes pertaining to the bonus depreciation deduction and Section 179 expensing. The company has updated the stand-alone desktop and client server fixed asset products, which include BNA Fixed Assets Desktop, DesktopPro, and Server. The enhancements include the 12 major tax law changes and related forms affecting fixed asset management and depreciation provided for in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

“This is a comprehensive update of our fixed assets products,” said BNA Software executive director Dean Sonderegger in a statement. “It addresses tax law changes providing for the 100 percent bonus depreciation deduction, as well as the Section 179 expensing changes— provisions that can have a significant impact on a company’s 2010 and 2011 tax liability. To help our customers and others managing fixed assets understand the tax law and how to make the right decision when it comes to claiming bonus depreciation, we’ve scheduled a free Webinar and produced a new resource guide.”

The Webinar, “2010 Tax Relief Act: Understanding and Planning for Bonus Depreciation and Other Fixed Assets Provisions,” is scheduled for Wednesday, Jan. 26 at 2:00 p.m. ET. Webinar attendees must register in advance at It will be conducted by BNA fixed assets experts, and will include a live question and answer session.  Every attendee to this free event will also receive a copy of the new BNA publication, Best Practices in Fixed Assets Management: A Resource Guide for Claiming Bonus Depreciation. 

For those unable to attend, the resource guide can be downloaded at There is no charge for the download.

During the Webinar, BNA will present details concerning the four critical areas affected by the Tax Relief Act:

• Extension of Additional First-Year Depreciation (also called bonus depreciation) through 2012 (through 2013 for certain long-production-period and transportation property);
• Increase, to 100 percent, Additional First-Year Depreciation for qualifying property placed in service after September 8, 2010, through 2011 (through 2012 for certain long-production-period and transportation property);
• Updated luxury vehicle limitations to include Additional First-Year Depreciation on Automobiles and Luxury Trucks and Vans placed in service in 2011; and,
• Updated Section 179 amounts affecting both the maximum dollar limit and the investment threshold phase-out amounts for property placed in service in tax years beginning in 2012.

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